Let’s say you have $16.63 in your checking and less in your checking.
You have a $16.00 charge in the “pending” transaction for 3 days.
You have another payment of $75.00 check that goes through (you thought that the paycheck would beat the check you wrote but it didn’t).
Even thought the $16 has been in pending transactions for 3 days and you have enough to cover it, they put the $75 check through first and within “seconds” and I mean seconds, they post the $16 into your regular transactions.
What does this mean?
It means you get an overdraft fee of over $30 for both the check and the $16 charge.
Ok so I get that the check overdraft fee is legit but the $16 fee should not be. And the answer you get is, “well Mam, we always put the larger sum through first because they are usually the more important transactions like a mortgage, car payment etc.”
This is what I said, “I know I should be charged one fee but that $16 payment is not fair, it was in there days before the check!” The bank, “well that is our policy.”
So now, on payday I am heading into it with an just over $60 plus dollars in fees. Really? Is it just me that thinks this is scandalous? Thanks a heck of a lot XX bank and you 5 star customer satisfaction blah blah blah. I should not have been charged for the $16 payment as a negative! PERIOD!
Thanks for listening